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Question 2 The following trail balance was extracted from the books of ADOM ENTERPRISE 31/12/2017 DR GHS 000 CRGHS 000 Sales 37200 Purchases 23,112 Stock

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Question 2 The following trail balance was extracted from the books of ADOM ENTERPRISE 31/12/2017 DR GHS 000 CRGHS 000 Sales 37200 Purchases 23,112 Stock 1/1/2017 7,552 Carriage outwards 652 Return inwards 91 Page 710 Return outwards Salaries and wages Motor expenses Rent Sundry expenses 2,404 Motor vehicles 4.800 1,200 Fixtures and fittings Debtors Creditors 2154 Bank 7.752 Cash Drawings Capital 4.100 25,220 25.688 69.688 69.688 The following additional notes have been given 1. Stock at 31/12/17 was GHS9.996, 000 2. Rent prepaid is GHS157,000 3. Sundry expenses accrued amounted to GHSS2,000 4. Depreciation is provided at rate of 20% on cost. You are required to prepare 2. Trading. Profit and Loss account for the year ended 31/12/2017 b. Statement of financial position or Balance Sheets at 31/12/2017 (30 MARKS)

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